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stevewalker Oct 8, 2012 3:40pm | Post# 1

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stevewalker Oct 8, 2012 3:47pm | Post# 2

actually 5 15 30 60 upper channels broken.
4h hanging under 1st lower channel.
today I had a loss trade with long & some longs & shorts closed with profit.
currently flat.

price has bounced just over my 2929 lower support.

daily 3020 bounce level for up move is missed.

looking for new trades.

walker.

stevewalker Oct 8, 2012 3:49pm | Post# 3

1 Attachment(s)
5 15 30 M charts are stuck in a narrowing zone.

watching poss brreakouts.
Click to Enlarge

Name: q2.gif
Size: 26 KB

stevewalker Oct 8, 2012 3:51pm | Post# 4

1 Attachment(s)
& outlook of daily chart is totally mess!
Click to Enlarge

Name: q2.jpg
Size: 241 KB

stevewalker Oct 8, 2012 3:55pm | Post# 5

we have a poss up move to 2984/87 to 1 st lower channel of 4H but price can be rejected from that level to 2945

stevewalker Oct 8, 2012 3:58pm | Post# 6

actual range is 2965 / 2977 diagonal narrowing zone from top & bottom

this may break very early in the morning.

stevewalker Oct 8, 2012 4:24pm | Post# 7

5 15 M charts
 
actually looking for bounce over/below 2968 for up/down break

stevewalker Oct 8, 2012 4:35pm | Post# 8

1 H
 
1 Attachment(s)
price is currently hanging at 1st fibo 38.2 level
until any sign of move will stay flat.

walker.
Click to Enlarge

Name: q2.gif
Size: 24 KB

stevewalker Oct 8, 2012 5:01pm | Post# 9

5 M is going to enter a down channel
but it is also rollover time
will wait

stevewalker Oct 8, 2012 5:05pm | Post# 10

most charts are pointing the 2966/68 level
price is over daily diagonal just printed with the rollover which 2966

watching 2966

stevewalker Oct 8, 2012 5:08pm | Post# 11

daily chart
 
1 Attachment(s)
daily outlook

2966 violet digonal with the actual price
Click to Enlarge

Name: q2.jpg
Size: 252 KB

stevewalker Oct 8, 2012 5:12pm | Post# 12

actually price is placed lower part of 4 H channels
for better risk/reward ratio we should be looking for longs.

but that desecion should also match with other mkt dynamics.

if not then not logic.

stevewalker Oct 8, 2012 5:26pm | Post# 13

5 15 M charts
 
5 M upper channel 2967
15 M upper channel 2968
30 M upper channel 2969

price actually chasing for all
break then retract then up poss

walker.

stevewalker Oct 8, 2012 5:33pm | Post# 14

with actual formations I am not planing to take shorts due to RR ratio

stevewalker Oct 8, 2012 6:01pm | Post# 15

all channels broken but not with price , with time

5 M upper channel 2967
15 M upper channel 2968
30 M upper channel 2969

price actually chasing for all
break then retract then up poss

walker.

stevewalker Oct 8, 2012 6:28pm | Post# 16

long @2968

deadline 2940

stevewalker Oct 8, 2012 6:30pm | Post# 17

targets

2983/87
2999
long @2968

deadline 2940

stevewalker Oct 8, 2012 6:31pm | Post# 18

2974 reject level

targets

2983/87
2999

stevewalker Oct 8, 2012 6:47pm | Post# 19

buy limit added @2953

for all
SL : 2940
TP : 2999
2974 reject level

stevewalker Oct 8, 2012 6:48pm | Post# 20

4 H lower channel 2949

buy limit added @2953

for all
SL : 2940
TP : 2999


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